Accounting Multiple Choice Question – 7 August 2023

When valuing stocks of finished goods on an absorption cost basis, which costs should be included?

Select ONE answer:

1. production
2. production and administration
3. production, marketing and distribution
4. production, marketing, administration and distribution

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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